Christina Lake Cannabis (TSE:CLC) has released an update.
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Christina Lake Cannabis has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $1,238,475. The funds will be used for general working capital and to settle existing debts, marking a significant financial maneuver for the company. Notably, company insiders participated in the offering, which is subject to regulatory approval and a holding period under Canadian securities laws.
For further insights into TSE:CLC stock, check out TipRanks’ Stock Analysis page.